The residential property price index (2023.I=1.0) reached 1.47 in September 2026, representing a 7.6% increase compared to the same period last year and a 1.3% rise from the previous month.

Prices for new apartments increased by 3.7% year-on-year depending on usage duration, while prices for existing (old) apartments rose by 8.8%, according to the National Statistics Office. Compared to the previous month, new apartment prices dipped slightly by 0.2%, whereas existing apartment prices went up by 2%.

In September, the average price per square meter for a new apartment stood at MNT 4.78 million, with Sukhbaatar district recording the highest average at MNT 5.52 million. Year-on-year, new apartment prices saw their highest increase in Songinokhairkhan district, rising by 14.8% or MNT 468,400 per square meter.

Meanwhile, the average price per square meter for an existing apartment reached MNT 4.86 million, with Sukhbaatar district again posting the highest price at MNT 5.92 million. On an annual basis, existing apartment prices grew most significantly in Bayanzurkh district, increasing by 10.2%, or MNT 428,900 per square meter.

Across specific locations, the highest average price per square meter was recorded near Sukhbaatar Square and the “220 Myangat” (220k Residence) area in Sukhbaatar district at MNT 7.99 million, while the lowest was around the 21st Microdistrict in Songinokhairkhan district at MNT 3.31 million.

Based on experimental calculations, average monthly rental prices in September were as follows:

·         One-room apartment: MNT 1.38 million

·         Two-room apartment: MNT 1.97 million

·         Three-room apartment: MNT 3.04 million

By location, monthly rents for one-to-three-room apartments were highest in the Sukhbaatar district, ranging from MNT 1.65 million to MNT 3.63 million, and lowest in the Songinokhairkhan district, ranging from MNT 1.10 million to MNT 1.71 million.

Published Date:2026-10-14